Australia approves Baosteel stake in Aquila
Published: 29 Oct 2009 20:57:28 PSTSYDNEY, Oct 30 - Australia has given foreign-investment approval for Chinese steel-maker Baosteel <600019.SS> to take a 15 percent stake iron ore explorer Aquila Resources <AQA.AX>, Aquila said on Friday.
The government will also allow Baosteel to expand its stake in Aquila to 19.99 percent, the firm added.
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